Nasdaq Bottom Potential
August 5th wide ranging candle was 2x NTR. Represents extreme selling and likely cannot be sustained.
Gap down on Aug 6 NQ futures indicates further extreme selling readings. Expecting NQ gap down to be somewhat repaired by market open Aug 6 and bottom possibly in place.
Could be dead wrong of course!
Gap down on Aug 6 NQ futures indicates further extreme selling readings. Expecting NQ gap down to be somewhat repaired by market open Aug 6 and bottom possibly in place.
Could be dead wrong of course!
Note
Meant to say “ATR” (average true range)Note
Retest of bottom hereTLT topped out
Good end to week is likely
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Good end confirmed.TLT definitely topped. Stage is set for a large rally.
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Last NQ gap fill.Wow, what a choppy bottom.
Likely in place here. Bonds retest top.
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One final gap down before solid uptrend here I think
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.